https://www.taxtmi.com/forum/issue?id=110425 The proposed levy subjects services by mutual fund agents to forward-charge service tax. For threshold exemption purposes the value of taxable services provided by the service provider in the prior year is to be counted irrespective of whether liability was discharged by the service recipient under the reverse charge mechanism; if that taxable value exceeded the exemption threshold the provider is ineligible for exemption in the current year. Sub-agents supplying services to main agents must register and are covered by the levy as service providers. en-us Sun, 29 May 2016 14:41:34 +0530 Thu, 23 Jan 2025 15:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110425 The proposed levy subjects services by mutual fund agents to forward-charge service tax. For threshold exemption purposes the value of taxable services provided by the service provider in the prior year is to be counted irrespective of whether liability was discharged by the service recipient under the reverse charge mechanism; if that taxable value exceeded the exemption threshold the provider is ineligible for exemption in the current year. Sub-agents supplying services to main agents must register and are covered by the levy as service providers. Discussion-Forum Service Tax Sun, 29 May 2016 14:41:34 +0530 https://www.taxtmi.com/forum/issue?id=110425